US-Saudi Women's Forum on Social Entrepreneurship WORKING TOGETHER TO SOLVE SOCIAL ISSUES USING BUSINESS AND LEADERSHIP SKILLS

2 The US-Saudi Women’s Forum on Social Entrepreneurship aims to enrich the lives of women and their communities through the application of business and leadership skills to social needs, while generating societal and economic value. Mission Statement Working Together to Solve Issues Using Business and Leadership Skills

3 Partners Dar Al Hekma College Jeddah, Saudi Arabia Babson College Boston, Massachusetts Wellesley Center for Women Boston, Massachusetts ICF International Washington, D.C.

4 Social Entrepreneurship  Approach social and community issues using:  Entrepreneurial spirit and vision  Business principles  Leadership skills Working Together to Solve Issues Using Business and Leadership Skills

5 Three Major Events  Introductory Seminar  April 2009  Dar Al Hekma College (Jeddah, Saudi Arabia)  Symposium on Social Entrepreneurship  July 2009  Babson College (Boston, United States)  Social Entrepreneurship Fair  December 2009  Jeddah, Saudi Arabia

6 Mentor Program  Purpose: To provide students with professional guidance locally  When? April - December 2009  Where? Jeddah, Saudi Arabia  Will partner Saudi businesswomen with students participating in the Symposium on Social Entrepreneurship

7 Online Tools  US-Saudi Women’s Forum Blog   US-Saudi Women’s Forum Social Networking Site  Working Together to Solve Issues Using Business and Leadership Skills

8 Stay Connected Through the BLOG –Comments section –Send Emily Through the NETWORK –Discussion groups –Communicate directly with faculty from DAH and Babson –Communicate directly with ICF project management team Questions/concerns?

Introductions Who is in the room?

Introductions to Women’s Leadership and the Learning Process Module 1: Session 2

11 Framework for Creating Social Impact Social Need Mission Vision of Success Social Impact Strategies Social & Economic Impact Indicators Operating Model Organizational & Program Performance Indicators

12 Introductory Seminar Overview 1.What is Social Entrepreneurship 2.How to be a Social Entrepreneur 3.How to Plant the Seeds for your Social Enterprise 4.How to Communicate your Vision

Introduction to Social Entrepreneurship Module 1: Session 3

14 Objectives After this session, you will be able to: –Explain the meaning of social entrepreneurship –Recognize examples of different types of organizations –Identify characteristics of a social enterprise

15 Agenda Can we define Social Entrepreneurship? Explore types of organizations Learn how you can get involved

The Grameen Bank A vision to end poverty

17 Vision of an Improved World Poverty Museum Opens in 2050 عندما يريد العالم أن يتكلّم، فهو يتحدّث بلغة يونيكود. تسجّل الآن لحضور المؤتمر الدولي العاشر ليونيكود الذي سيعقد آذاربمدينة مَايِنْتْس، ألمانيا. وسيجمع المؤتمر بين خبراء من كافة قطاعات الصناعة على الشبكة العالمية انترنيت ويونيكود، حيث ستتم، عل عندما يريد العالم أن يتكلّم، فهو يتحدّث بلغة يونيكود. تسجّل الآن لحضور المؤتمر الدولي العاشر ليونيكود الذي سيعقد آذاربمدينة مَايِنْتْس، ألمانيا. وسيجمع المؤتمر بين خبراء من كافة قطاعات الصناعة عندما يريد العالم أن يتكلّم، فهو يتحدّث بلغة يونيكود. تسجّل الآن لحضور المؤتمر الدولي العاشر ليونيكود الذي سيعقد آذاربمدينة مَايِنْتْس، ألمانيا. وسيجمع

18 Characteristics of Entrepreneurship innovative seize new opportunities measurable results risky

19 Female Entrepreneurs Lubna Olayan Olayan Financing Company Saudi Arabia Mrs. Huda Janahi Global Freight and Passenger Services Bahrain Nadia Dajani Founder of Jewelry Firm Jordan

20 Characteristics of Social Entrepreneurship social impact social mission innovative seize new opportunities measurable results risky

21 Examples of Social Entrepreneurship Lynn Freiji Wadi Environmental Science Centre Egypt Raghda El-Ebrashi Alashanek ya Balady Association for Sustainable Development Egypt Soraya Salti Injaz Jordan and Gulf

22 Characteristics of Social Enterpreneurship 1.Pursue a social mission 2.Use innovative approaches to address social issues 3.Are accountable to stakeholders (e.g., community members), not shareholders 4.Measure impact with social return 5. Reinvest income and profits to pursue the mission 6. Are sustainable – financially and in impact Adapted from Greg Dees (2001) The Meaning of Social Entrepreneurship and David Bornstein (2004) How to Change the World

23 Social Babson The process of organizing resources and providing leadership to identify and act on people and planet opportunities to create societal and economic value. Educating mission-driven entrepreneurs to build and grow businesses for a better world. “ ”

24 Social Entrepreneurship Addresses “People and Planet” Challenges

25 What is a Social Enterprise? Traditional NGO Traditional For-Profit Enterprising NGO Corporate Social Responsibility Socially Responsible Business Social Enterprise

26 What is a Social Enterprise? MissionSocial purpose Profit Accountability Stakeholders Shareholders Using Profits Mission Shareholders Impact $$$ Social Indicators Sustainability Traditional NGO Traditional For-Profit Enterprising NGO Corporate Social Responsibility Socially Responsible Business Social Enterprise Accountability Profit Destination $$$ Lasting Social Impact Sustainability

27 Defining the Need NeedRoot CauseApproach 6 % of children in Saudi Arabia cannot read -Lack of access to books -Lack of access of people to read to them and teach them to read -Increase access to books -Recruit & train reading tutors

28 Social Entrepreneurship Differs from Other Approaches Social Enterprise Activism Zakat Community Service College students volunteer to tutor children Not sustainable; doesn’t provide children with books Donate books Not sustainable; doesn’t provide tutors Write editorials Not directly providing books or tutors

29 Summary Entrepreneurship has often been cited as the engine of economic growth. Today, economic growth is still necessary, but no longer sufficient. Social entrepreneurship is the engine of positive, systemic change that will alter what we do, how we do it, and why it matters. (Neck et al., 2008, p. 6)

30 How do I Select a Concept for My Social Enterprise? Social Entrepreneurship Passion Community Need Knowledge Skill/Talent Assets Access

Social Entrepreneurship in Saudi Arabia Module 1: Session 4

Conclusion Module 1: Session 5